Updated Oct 29, 2024
Juan Jimenez Acquires MultiFamily Property In Olympia Heights For $1.25M
9555 Southwest 40th Terrace
$1,250,000
$296/SF
Building Size
4,211 SF
Asset Type
MultiFamily
Closing
Sep 7, 2023
About this deal
AI
A multifamily property located at 9555 Southwest 40th Terrace in Olympia Heights has been sold for $1,250,000. The property consists of 2 units with a price per unit of $625,000. Spanning across 4,211 square feet, the property has a price per square foot of $297.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,250,000
- Units: 2
- Price per Unit: $625,000
- Square Footage: 4,211
- Price per Square Foot: $297
- Address: 9555 Southwest 40th Terrace, Olympia Heights
Juan Jimenez has purchased the property, with the assistance of Vernon Ubico from RESF, acting as the broker representative in the deal.
On the Map
$1,250,000
$296/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93